Calculate what number of workers should be hired, Mathematics

You are given the following information about the amount your company can produce per day given the number of workers it hires.

Numbers of Workers

Quantity Produced

0

0

1

1

2

3

3

6

4

11

5

19

6

24

7

28

8

31

9

33

10

34

11

34

12

33

a.  What is the range of workers where there are increasing returns to scale? Constant returns to scale? Decreasing returns to scale? Negative returns?

b. If the company wants to maximize total output, what number of workers should be hired?

c. What is the number of workers that should be hired if the company wants to maximize output per worker?

Posted Date: 4/1/2013 5:29:57 AM | Location : United States







Related Discussions:- Calculate what number of workers should be hired, Assignment Help, Ask Question on Calculate what number of workers should be hired, Get Answer, Expert's Help, Calculate what number of workers should be hired Discussions

Write discussion on Calculate what number of workers should be hired
Your posts are moderated
Related Questions
Critical Point Definition : We say that x = c is a critical point of function f(x) if f (c) exists & if either of the given are true. f ′ (c ) = 0        OR             f ′ (c

alpha and beta are concentric angles of two points A and B on the ellipse.

Using the same mean and standard deviation as mean m = 20.1 and a standard deviation s = 5.8. Joe was informed that he scored at the 68 th percentile on the ACT, what was Joe's ap

Area between Two Curves We'll start with the formula for finding the area among y = f(x) and y = g(x) on the interval [a,b].  We will also suppose that f(x) ≥ g(x) on [a,b].

Evaluate following. ∫ 0 ln (1 + π )   e x cos(1-e x )dx Solution The limits are little unusual in this case, however that will happen sometimes therefore don't get

Example  Find the Highest Common Factor of 54, 72 and 150. First we consider 54 and 72. The HCF for these two quantities is calculated as follows:


In the previous section we looked at the method of undetermined coefficients for getting a particular solution to p (t) y′′ + q (t) y′ + r (t) y = g (t)    .....................

how to make 2.3 into a fraction?

i need to work out the standard deviation of 21.4